Jul 31 2019 at 09:18
To select a good currency pair, it is very important that you analyze all the charts carefully and also check for all the market updates. According to the market situation and your portfolio requirements, choose currency pairs that suit you. Don’t follow the crowd and do try to pair strong currencies against the weak ones. Then run technical analysis on the currency pairs you have shortlisted to finally reach to a decision.
TanEric posted:
Can anyone help me in knowing the best currency pairs for trading in the forex market? I am dilemma please help me or share any link which could help me in knowing that.
There are no best currency pairs to trade!
First identify whether the pair is trending or non trending pair. Second figure out what type of strategy you will be trading.
Sep 04 2020 at 10:34
If you want to select the best pair, you have to research the market properly. You should be very careful. You should properly analyze the market before choosing the pair.
Sep 06 2020 at 09:37
TanEric posted:
Can anyone help me in knowing the best currency pairs for trading in the forex market? I am dilemma please help me or share any link which could help me in knowing that.
start with th majors. maybe try some metals too
Sep 07 2020 at 02:18
There are many types of currencies in Forex trading. The best of these currencies is the major currency. I have chosen to trade some currencies from this major currency. These are EURUSD, AUDUSD, USDJPY, EURJPY, and GBPUSD. The spread in these pairs is much less and the movement is much better. I make a lot of profit by trading in these pairs.
Oct 04 2021 at 20:26
lavis_book posted:
To select a good currency pair, it is very important that you analyze all the charts carefully and also check for all the market updates. According to the market situation and your portfolio requirements, choose currency pairs that suit you. Don’t follow the crowd and do try to pair strong currencies against the weak ones. Then run technical analysis on the currency pairs you have shortlisted to finally reach to a decision.
Proper knowledge and experience will help you.
Oct 06 2021 at 06:12
Major pairs are best in terms of volatility, spreads.
I choose from a large number of tools at Amarkets, I choose the most profitable based on analytical reviews
Oct 06 2021 at 12:30
I prefer EURUSD and GBPUSD. Those are my favorite pairs.
Oct 06 2021 at 13:18
Alternatively, try different pairs on a demo account and choose one or another pair based on the results.
Oct 07 2021 at 14:17
I personally started with EURUSD and then expanded to a few more from there. My reasoning was that it is closely inversely tied to the DXY and thus a strong confluence can be drawn from it.
If you can't spot the liquidity then you are the liquidity.
Oct 09 2021 at 19:09
First, identify whether the pair is a trending or non-trending pair. Second, figure out what type of strategy you will be trading. Finally, you want to know the average true range of that pair (which means how much the pair moves on a day-to-day basis).
To find the best currency pair, I traded with FP markets demo accounts to trade with several pairs and find the suitable one. I suggest trying the same method and also compared the pairs with market research.
Oct 11 2021 at 13:23
Alternatively, try working with them on a demo account. This will allow you to both gain experience and not lose money when choosing the most profitable option.
Oct 12 2021 at 19:00
TanEric posted:
Can anyone help me in knowing the best currency pairs for trading in the forex market? I am dilemma please help me or share any link which could help me in knowing that.
You looking for long term or short term
Oct 16 2021 at 17:14
EUR/USD.
USD/JPY: Trading the 'Gopher'
GBP/USD: Trading the 'Cable'
AUD/USD: Trading the 'Aussie'
USD/CAD: Trading the 'Loonie'
USD/CNY: Trading the Yuan.
Dec 11 2021 at 06:15
You can trade on a demo account first to find the best pair.
Test all currency pairs available with your broker on a demo account and you will know what’s good for you. There’s no need to ask anybody what to trade. Find it out on your own. Of course, it will take some time but in the end you will know for sure what’s really compatible with you.
“Best” is very subjective. All pairs work differently because they all trend differently. For instance, I can trade EUR/USD rather than USD/JPY. All pairs require different analyses. It is up to you which pair you can trade well. So if you are new, try to trade with 2-3 pairs and test yourself out. However, go for major pairs or pairs which have high liquidity. You can go with EUR/USD because it is easy to trade for beginners.
